Growth Enterprise : Strategic and Planning Each new enterprise begins as an idea and this… 1 answer below »

Growth Enterprise :Strategic and PlanningEach new enterprise begins as an idea and this developed during the incubation stage. Once the small business has begun it accelerates and typically goes through a life cycle similar to a product life cycle: establishment, growth, expansion, maturity, and decline. Based on your reading and research regarding the small business life cycle, address the following:In two or three sentences, explain the nature of your new enterprise.Explain the one or two key issues or decisions you expect to face at each of the four stages.In one paragraph, provide an example of a company that is currently facing a transition from one stage to the next or that has successfully navigated the change. Do not use a company already discussed by another student.

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